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BUSFIN 3500 Blackburn Midterm 1 Exam Actual Questions and Answers 2026.docx

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BUSFIN 3500 Blackburn Midterm 1 Exam Actual Questions and Answers

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BUSFIN 3500 Blackburn Midterm 1 Exam
Actual Questions and Answers 2026
Attorney-Client Privilege -
correct answer ✅Law protects confidential communications
between the attorney and clients from its disclosure to a third
person


Purpose of Attorney Client Privilege -
correct answer ✅Promote compliance with the law


Exceptions to the attorney client privilege -
correct answer ✅When in the presence of a 3rd party


An overriding public policy
ex. When client is using lawyers service to commit a crime or fraud


Work Product Doctrine -
correct answer ✅Any materials that have been prepared in
anticipation of a lawsuit fall under this doctrine, and are privileged.


Neither attorney nor client can be compelled to disclose these
materials

,BUSFIN 3500 Blackburn Midterm 1 Exam
Actual Questions and Answers 2026
Court systems (2 types) -
correct answer ✅State and Federal


Court systems (3 levels) -
correct answer ✅Trial, Appellate, Supreme


Stages of the Civil Process -
correct answer ✅1. Pleading
2. Discovery
3. Trial
4. Appellate


Jurisdiction -
correct answer ✅Power of a court to hear and decide a case


District court -
correct answer ✅basic federal trial court
at least one in each state or territory

, BUSFIN 3500 Blackburn Midterm 1 Exam
Actual Questions and Answers 2026
Pleadings -
correct answer ✅the documents that tell each party's claims
or defenses against the other parties


Class action suit -
correct answer ✅when a person brings a suit on behalf of a
class of people who have been similarly injured


requirements of class action suit -
correct answer ✅questions of law or fact must be common
to class
-claims of representative parties must be typical of the claims or
defenses of the class


Motion to dismiss -
correct answer ✅in pleading stage
says "so what?
-Even if you prove what you said, the law does not recognize this as
actionable


Motion for judgement -
correct answer ✅in pleading stage

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